7th Pay Commission Latest News Today: Dearness Allowance For Central Govt Employees Likely to Be Hiked By 4 Percent Next Month, Say Reports; Know About Arrears And Other Updates Here

Central government employees, who have been waiting with a baited breath for announcement on hike in Dearness Allowance (DA) may hear the good news by next momth, as per media reports. If latest media reports are to be believed, Dearness Allowance  of the employees could by hiked by 4 percent. This means the total DA could reach upo 38 percent.

Employees in the central government can expect a 4% increase in the existing DA rate. The appropriate DA rate for such employees would rise to 38% of the basic wage if the government grants this request. Pensioners under the Central Government are also looking for an increase in their Dearness Relief (DR) rate of 4%. These benefits assist workers and retirees in coping with the erosion of their monthly wages and retirement savings brought on by rising inflation. 7th Pay Commission Latest Update: Dearness Allowance Hike for Central Govt Employees Not Approved Yet

Based on the 7th Central Pay Commission's recommendations, the Basic Pay used to calculate DA is calculated. 7th Pay Commission Latest News Today: DA Hike, DA Arrears and PF interests; Central Govt Employees Likely to Get Big Surprises in September

The 8th Pay Commission would be established to review salaries and pensions, but the government has made it clear that this idea is not being taken into consideration. According to the government, the 7th CPC's guidelines permit salary and pension revisions if necessary. It might not be required to form another pay commission as a result.

(The above story first appeared on LatestLY on Aug 29, 2022 05:26 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).